MORGAN COUNTY ECONOMIC DEVELOPMENT CORP

EIN: 351803277

MOORESVILLE, IN

Total Revenue
$318,120
Total Expenses
$339,345
Total Assets
$805,293
Net Assets
$772,680
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
IN
Principal Officer
TERRY BROCK
Phone
3178319544
Tax Period
2023-01-01 to 2023-12-31

MORGAN COUNTY ECONOMIC DEVELOPMENT CORP, founded in 1990, is a small nonprofit that reported $318K in total revenue in fiscal year 2023. Net assets of $773K represent 29 months of operating reserves.

Mission

THE CORPORATION'S PURPOSE IS TO ENCOURAGE, PROMOTE AND DEVELOP ECONOMIC EXPANSION WITHIN MORGAN COUNTY, INDIANA.

Program Service Accomplishments

Program 1
Expenses: $212,160 Revenue: $299,443

TO ENCOURAGE, PROMOTE AND DEVELOP ECONOMIC EXPANSION WITHIN MORGAN COUNTY, INDIANA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,500
Program Service Revenue $277,000
Investment Income $16,177
Other Revenue $22,443
TOTAL REVENUE $318,120

Expense Breakdown

Grants Paid $0
Salaries & Benefits $180,341
Fundraising Expenses $27,273
Program Expenses $212,160
Other Expenses $159,004
TOTAL EXPENSES $339,345

Year-over-Year Comparison

2023 2022 Change
Revenue $318,120 $316,026 +0.0%
Expenses $339,345 $312,995 +0.1%
Net Income $-21,225 $3,031 -8.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
2
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$164,294
Total Directors
37
$164,294
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL HURST PAST PRESIDENT 1.00
Director
$0 $0 $0
TERRY BROCK PRESIDENT 1.00
Officer Director
$0 $0 $0
KELLY ALCALA DIRECTOR 1.00
Director
$0 $0 $0
TOM WARTHEN DIRECTOR 1.00
Director
$0 $0 $0
SHANE WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
JAMES WISCO DIRECTOR 1.00
Director
$0 $0 $0
KENNY COSTIN DIRECTOR 1.00
Director
$0 $0 $0
JEAN RINK NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL CONNER NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
TRISH WEBER DIRECTOR 1.00
Director
$0 $0 $0
WADE PHELPS DIRECTOR 1.00
Director
$0 $0 $0
SHAWNA GIRGIS NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
KATHY TAYLOR NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
JAMES TANNEBERGER DIRECTOR 1.00
Director
$0 $0 $0
BUCK RITZ NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER ISBELL-SCOTT SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
JEFF BANNING DIRECTOR 1.00
Director
$0 $0 $0
YUKIHITO OZAKI NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
TROY BRYANT NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
ROBERT CARMONY NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
CINDY KINNARNEY NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
BRIAN ANDERSON NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
TREG HOPKINS NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
JAMIE TAYLOR NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
MINDY TAYLOR NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
LEEDA WAMSLEY NON-VOTING DIRECTOR OF BUS 40.00
Officer Director
$47,980 $0 $47,980
MIKE DELLINGER NON-VOTING EXECUTIVE DIREC 40.00
Officer Director
$116,314 $0 $116,314
MITCH CLINE NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
JULIE CREWE-SCHILLING NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
KEITH LINDAUER DIRECTOR 1.00
Director
$0 $0 $0
DUSTIN STANLEY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TYLER RENICKER NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
BRYAN COLLIER DIRECTOR 1.00
Director
$0 $0 $0
JAMES STATON DIRECTOR 1.00
Director
$0 $0 $0
BARRY JACKSON NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
JOE MURPHY NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
SARAH CADY NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $318,120 $339,345 $805,293 $-21,225
2022 $316,026 $312,995 $804,945 $3,031
2021 $284,124 $295,636 $763,984 $-11,512
2020 $287,372 $261,706 $758,606 $25,666
2019 $299,006 $261,101 $731,130 $37,905
2018 $266,568 $264,854 $661,976 $1,714
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